Washington Statutes
§ 32.32.115 — Conditions on shares of stock subject to restriction on sale.
Washington § 32.32.115
JurisdictionWashington
Title 32WASHINGTON SAVINGS BANK ACT
Ch. 32.32CONVERSION OF MUTUAL SAVINGS BANK TO CAPITAL STOCK SAVINGS BANK
This text of Washington § 32.32.115 (Conditions on shares of stock subject to restriction on sale.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wash. Rev. Code § 32.32.115 (2026).
Text
In connection with shares of capital stock subject to restriction on sale for a period of time:
(1)Each certificate for the stock shall bear a legend giving appropriate notice of the restriction;
(2)Appropriate instructions shall be issued to the transfer agent for the capital stock with respect to applicable restrictions on transfer of any such restricted stock; and
(3)Any shares issued as a stock dividend, stock split, or otherwise with respect to any such restricted stock shall be subject to the same restrictions as may apply to the restricted stock.
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Legislative History
[1985 c 56 s 18;1981 c 85 s 22.]
Nearby Sections
15
§ 32.04.002
Short title.§ 32.04.010
Scope of title.§ 32.04.012
Limits on loans and extensions of credit.§ 32.04.015
Duty to comply—Violations—Penalty.§ 32.04.020
Definitions.§ 32.04.022
"Mortgage" includes deed of trust.§ 32.04.050
Reports.§ 32.04.070
Certified copies of records as evidence.§ 32.04.100
Penalty for falsification.Cite This Page — Counsel Stack
Bluebook (online)
Washington § 32.32.115, Counsel Stack Legal Research, https://law.counselstack.com/statute/wa/32.32.115.